Background and Summary
In Q3 2023, an improved structure for INV contributor vesting was proposed as all INV vesting contracts were due to begin expiring in November 2023. The new vesting structure was added to the product development pipeline and contributors agreed not to propose individual INV grants pending the approval of the new structure for all contributors. Due to delays in implementing the new contract, an interim INV grant proposal was proposed and recently passed, however it is forward-looking and by design does not address the period between the lapse of individual vesters and the May 1, 2024 start date of the interim proposal. As referenced in the text of that interim proposal, the purpose of this proposal is to compensate contributors for this period.
Proposal
Award INV to contributors at the lowest rate allocated to any contributor prior to the interim proposal and according to the number of days between the end date of their last INV grant and the May 1, 2024 start date of the interim proposal. For Product Working Group developer @Tabboz, who joined on a part-time basis on August 26, 2023 and agreed to delay his individual INV grant proposal pending the availability of a new INV vesting contract, it is proposed that he be awarded at the lowest of the full time allocations, 0.356/day, divided by two or 0.178/day.
| Name | Vesting End Date | Start Date of new INV vester -1 | Days Unpaid | xINV/day | unpaid xINV | Total unpaid INV* (*current xINV exRate) |
|---|---|---|---|---|---|---|
| 0xMT | 4/2/2024 | 5/1/2024 | 29 | 0.356 | 10.32 | 78.31 |
| Cryptoharry | 2/3/2024 | 5/1/2024 | 88 | 0.356 | 31.33 | 237.62 |
| Edo | 2/28/2024 | 5/1/2024 | 63 | 0.356 | 22.43 | 170.11 |
| Naoufel | 2/3/2024 | 5/1/2024 | 88 | 0.356 | 31.33 | 237.62 |
| Patb | 11/6/2023 | 5/1/2024 | 177 | 0.356 | 63.01 | 477.94 |
| Alien | 11/1/2023 | 5/1/2024 | 182 | 0.356 | 64.79 | 491.44 |
| Tabboz* | 8/26/2023 | 5/1/2024 | 249 | 0.178 | 44.32 | 336.17 |
| Current xINV exRate: | 7.584825631 | Total | 267.53 | 2029.20 | ||
| *retroactive |
Conclusion
This proposal ensures that contributors receive fair compensation for the period between the old and new INV vesting contracts.
On-Chain Actions
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